Cerro Resources Responds to Price Query

04.02.2011  |  Marketwired

LONGUEUIL, QUEBEC -- (Marketwire) -- 02/04/11 -- In response to a query by the Australian Stock Exchange ('ASX') in relation to the change in price of Cerro Resources NL (ASX: CJO)(TSX VENTURE: CJO)(the 'Company'), the Company responded as follows:

The Company is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company. On January, 21 2011, the Company released on ASX a presentation that was made to investors in the Canadian market and at the Cambridge House Vancouver Resource Investment Conference. That presentation (which is also available on the Company's website) is part of the Company's efforts to better inform the market in North America (where the Company is dual listed on the TSX-V) and elsewhere of the Company's interests in projects, its focus and in how it intends to execute its objectives. Presentations continue in both the North American and Australian markets following the same information. The presentation includes reference to the proposed Namiquipa Project acquisition which will be the subject of a vote by shareholders on February 11, 2011.

A copy of the letter received by the ASX and the Company's response will be posted on ASX and SEDAR.

About Cerro Resources

Cerro Resources is a precious and base metals exploration and development company. The Company is currently focused on developing the Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico and maintains an active working focus on the Mt Isa exploration project, Queensland, Australia.

Additional information about the Company is available on the Company's website at www.cerroresources.com and on SEDAR.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Cerro Resources NL

Tony McDonald

Managing Director

+61 7 3252 0122

+61 7 3252 0166 (FAX)


Cerro Resources NL

Craig McPherson

Chief Financial Officer

+61 7 3252 0122

+61 7 3252 0166 (FAX)
admin@cerroresources.com


For North America, please contact:

Cerro Resources NL

Ms Gerri Paxton

Manager Investor Relations

514-544-2696
gpaxton@cerroresources.com